Rebound continues.
Question is, why did someone want out so quickly? Disagreement among insiders or did someone have an insight into Q3 results?
Q2 barely saw a gross profit. That means a lot of free product is being given out, more than usual, explaining the significant QoQ decrease in gross margin %.
I like the product but $25M market cap on $5M in TTM sales, coupled with abyssmal gross margins, is still too rich of a valuation. The balance sheet and cash flows don't appear able to support "driving the revenue" much longer either. That'll leave some hard choices: another capital raise or stop driving revenues by giving away free product. One dilutes the shareholders and the other kills growth and the topline. Not sure which is better.